WikiFX

Reply

As an experienced forex trader, I approach any broker first and foremost by evaluating its regulatory standing and operational transparency. With NatWest Markets, I have significant reservations about its legitimacy as a forex broker. While the company is registered in the United Kingdom and is associated with substantial entities on the London and New York Stock Exchanges, these factors alone don't translate to safety in forex trading. The most critical concern for me is the explicit absence of regulation by key financial authorities like the UK's Financial Conduct Authority (FCA), ASIC in Australia, or the NFA in the US. This lack of regulation means there's no meaningful oversight to protect client funds or ensure fair trading practices. WikiFX cites a “suspicious regulatory license” and highlights high risk, which, based on my experience, is always a major red flag. In my trading, I prioritize platforms with robust and clearly verifiable licenses because regulation is what compels brokers to adhere to high standards of client fund segregation, reporting, and dispute resolution. No matter how large or well-known a parent company is, the specific trading arm must itself be licensed if it's offering forex or CFD trading services. While NatWest offers credible banking services, as a potential trading venue, the lack of sample accounts and advanced trading features only adds to my doubts. Because NatWest Markets operates without regulatory oversight, I cannot consider it truly legitimate or safe for forex trading. For me, the risk far outweighs any perceived benefits, and I would urge others to be especially cautious if considering this broker for trading activities.